ASI Market Report

Market Summary, Week ending March 8, 2019

Feeder Prices, 60-90 lbs. ($/cwt.), San Angelo, TX: (from 2 weeks ago) $164-$178; St. Onge-Newell, SD: 81 lbs. $185; Billings, MT (Feb. 11): $192-$227.

Slaughter Prices – Live, negotiated, 104-177 lbs. $138.99 per cwt.

Slaughter Prices – Formula, 80.80 lbs. carcass weight $264.85 per cwt.

Slaughter Prices “Comprehensive Information”–-Formula & Negotiated, 80.36 lbs. carcass weight $267.89 per cwt.

Equity Electronic Auction, 140 lbs. $150.50.

Cutout Value/Net Carcass Value (1), $326.55 per cwt.

Carcass Price, Choice and Prime, YG 1-4, weighted average prices ($/cwt.), No prices reported.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed Loins 4x4 545.23, Rack, roast-ready, frenched (cap-on) 1,655.87, Rack, roast-ready, frenched, special (cap-off) 2,062.47, Leg, trotter-off, partial boneless 512.04, Shoulder, square-cut 277.20, Ground lamb 573.08.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,255.55, AUS Shoulder (fresh, square-cut) 308.57, AUS Leg (fresh, semi boneless) NA, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,213.22, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 1,195.79, AUS Shoulder (frozen, square-cut) 332.64.

Exported Adult Sheep, 306 head

Wool, ($/pound clean), delivered FOB (from 13 weeks ago), 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) NA, 22 micron (Grade 64s) 5.82-5.91, 23 micron (Grade 62s) 5.25, 24 micron (Grade 60-62s) 3.90, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 3.30, 27 Micron (Grade 54-56s) NA, 28 micron (Grade 54s) NA, 30 micron (Grade 50s) NA, 32 micron (Grade 46-48s) NA, Merino Clippings NA.

Australian Wool, ($/pound clean), delivered FOB, 18 micron (Grade 80s) 6.04-6.85, 19 micron (Grade 80s) 5.80-6.58, 20 micron (Grade 70s) 5.71-6.47, 21 micron (Grade 64-70s) 5.65-6.40, 22 micron (Grade 64s) 5.63-6.39, 23 micron (Grade 62s) NA, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 3.59-4.07, 28 micron (Grade 54s) 2.91-3.30, 30 micron (Grade 50s) 2.38-2.70, 32 micron (Grade 46-48s) 1.55-1.76, Merino Clippings 3.02-3.43.

(1) The cutout value is the same as a net carcass value. It is a composite value that sums the value of the respective lamb cuts multiplied by their weights. It is also the gross carcass value less processing and packaging costs.